Federated Correlations
| FIGKX Fund | USD 9.72 0.02 0.21% |
The correlation of Federated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Federated Correlation With Market
Significant diversification
The correlation between Federated U S and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated U S and DJI in the same portfolio, assuming nothing else is changed.
Federated |
Moving together with Federated Mutual Fund
| 0.75 | EASDX | Eaton Vance Short | PairCorr |
| 0.99 | VFIRX | Vanguard Short Term | PairCorr |
| 0.99 | VFISX | Vanguard Short Term | PairCorr |
| 0.99 | VSGBX | Vanguard Short Term | PairCorr |
| 0.66 | VSBIX | Vanguard Short Term | PairCorr |
| 0.99 | VSGDX | Vanguard Short Term | PairCorr |
| 1.0 | FUMBX | Fidelity Short Term | PairCorr |
| 0.97 | ECLDX | Eaton Vance Short | PairCorr |
| 0.97 | EALDX | Eaton Vance Short | PairCorr |
| 0.74 | EILDX | Eaton Vance Short | PairCorr |
| 0.7 | JSEAX | Jpmorgan International | PairCorr |
| 0.7 | PG | Procter Gamble | PairCorr |
| 0.64 | MCD | McDonalds | PairCorr |
| 0.7 | JNJ | Johnson Johnson | PairCorr |
| 0.67 | KO | Coca Cola | PairCorr |
Moving against Federated Mutual Fund
| 0.65 | RSNRX | Victory Global Natural | PairCorr |
| 0.64 | RSNYX | Victory Global Natural | PairCorr |
| 0.55 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.47 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.41 | RGNCX | Victory Global Natural | PairCorr |
| 0.56 | AXP | American Express | PairCorr |
| 0.53 | BA | Boeing | PairCorr |
| 0.5 | AA | Alcoa Corp | PairCorr |
| 0.48 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.45 | MSFT | Microsoft | PairCorr |
| 0.44 | HPQ | HP Inc | PairCorr |
| 0.43 | CAT | Caterpillar | PairCorr |
| 0.33 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MODXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0P000070L2 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | QCMMIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Federated Mutual Fund performing well and Federated Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MODXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 0P000070L2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (2.77) | 0.00 | 0.03 | 0.03 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |